Quick charity verification for Ascentria Care Alliance Inc (EIN: 161644288)
Verdict: Ascentria Care Alliance Inc appears trustworthy
75/100Mission Score
$18.1MRevenue
$39.3MAssets
3Red Flags
3Strengths
Red Flags
Latest fiscal year (2023) shows an operating deficit ($1,544,933).
Reported 0% officer compensation across all filings is highly unusual and requires further scrutiny of the full 990 to understand executive pay.
Significant increase in liabilities from $4,027,509 in 2021 to $34,748,887 in 2022, coinciding with asset growth, suggests potential debt financing for expansion.
Strengths
Consistent revenue growth over the past decade, from $10.5 million in 2014 to over $16 million in 2023.
Substantial asset growth from $6.9 million in 2020 to over $40 million in 2023, indicating increased capacity or investment.
Long filing history (13 filings) demonstrates consistent compliance and transparency in reporting to the IRS.
AI Transparency Report
Ascentria Care Alliance Inc demonstrates a generally stable financial position, with assets growing significantly from $6.9 million in 2020 to over $40 million in 2023, indicating substantial expansion or asset acquisition. While the organization experienced a deficit in the 2023 fiscal year, with expenses of $18,481,064 exceeding revenue of $16,936,131, this follows several years of operating surpluses. The consistent reporting of 0% officer compensation across all available filings suggests strong transparency regarding executive pay, or that compensation is reported in a different section of the 990 not captured in this summary. The organization's NTEE code E30 (Human Services) aligns with its mission, and its spending efficiency appears reasonable given the nature of human services organizations.